Chinese imports of iron ore in 2015 will increase from a record 900 million mt, an executive at Vale told media Thursday. According to Claudio Alves, global director of marketing and sales at the Brazilian mining company, the Asian ...
Australia-based Ausenco Limited has announced that its Brazilian subsidiary has been awarded the contract to deliver engineering, procurement and construction services for Brazilian miner Ferrous Resources' US$1.28 billion expansion of the ...
Tags: Ferrous Resources, Iron Ore
Karachi-based Pakistan Steel Mills (PSM) has announced that it has received two shipments of 20,000 mt and 50,000 mt of iron ore, while another shipment of 50,000 mt of iron ore was being unloaded as of September 19, with all these cargoes ...
Tags: Steel Mills, Raw Material
In August this year, Brazilian miner Vale's iron ore export volume totaled 24.82 million mt, increasing by 0.27 percent year on year and by 9.03 percent compared to July, according to Brazil's National Union of the Industry of Extraction of ...
Tags: Iron Ore, domestic market
Indian steelmaker JSW Steel's joint managing director Seshagiri Rao has told CNBC TV18 that JSW Steel will import 10 million mt of iron ore this year, rising from the planned 6 million mt, "after having seen severe shortages in India and ...
The iron ore industry is worried about a further collapse in prices as the Chinese government has signaled it is abandoning its aggressive policy stimulus to boost economic growth, according to media reports. China's Finance Minister Lou ...
Tags: Iron Ore, industrial output
Brazil iron ore producer Vale, which has not been allowed to dock its ships at Chinese ports, could soon get permission to unload. According to media reports, the Chinese shipping industry, led mainly by Cosco, worked hard to keep out the ...
Tags: Iron Ore, Chinese Ports
International credit rating agency Moody's has announced that the outlook for the European steel industry will remain stable until 2015, despite anticipated capacity utilization and profitability improvements. According to Moody's report, ...
Tags: steel industry, Moody's
On September 17, the China Iron and Steel Association (CISA) announced that in August this year China's Ministry of Commerce (MOC) issued iron ore import licenses for a total of 104.4227 million mt, up 2.13 percent month on month, valued at ...
Australia-based miner Northern Iron has announced that its wholly-owned subsidiary Sydvaranger Gruve AS has amended its offtake agreement with its largest customer regarding the supply of iron ore concentrate from its mining operation in ...
Nucor Corporation announced Wednesday guidance for its third quarter ending October 4, 2014, expecting results to be in the range of $0.70 to $0.75 per diluted share, which represents an increase from both the third quarter of 2013 and ...
Tags: Nucor, Structural steel
As of September 15, inventory of iron ore at 33 major Chinese ports amounted to 109.65 million mt, up 590,000 mt or 0.54 percent compared to the inventory level recorded on September 8, as announced by China's Xinhua News Agency on ...
Tags: Iron Ore, Metallurgy
In August this year, Ukraine-based steel mill Donetskstal Metallurgical Plant (DMZ) produced 38,000 mt of pig iron, down from levels of around 105,000 mt in the previous months, according to the company's preliminary results. The decrease ...
Tags: Pig Iron, steel mill
Iron ore declined sooner than expected this year as supplies exceeded demand and prices are unlikely to recover, according to Goldman Sachs Group Inc., which said 2014 will mark the end of a so-called iron age. This year “is the ...
A series of iron ore projects may be affected as a result of the low prices the market has seen for the product, according to media reports. Last week, the product reached $83.60/mt in the Chinese spot market, and from the beginning of ...
Tags: Iron Ore, Chinese spot market